These properties include 15 flats and 17 office premises in Mumbai, a mall in Kolkata, a four-acre farm house in Alibaug and 231 acres of land in Maharashtra and Tamil Nadu, and a 170-acre park in Hyderabad valued at over Rs 500 crore

Ananthasubramanian was to superannuate on Monday; development comes nearly three months after state-owned Allahabad Bank divested her of all powers after CBI named her involvement in the Rs 14,000 crore PNB scam.

Mehul Choksi, the fugitive uncle of the Rs 13,500-crore PNB fraud main accused Nirav Modi, said that the reason why he took the citizenship of Antigua and Barbuda is because he intends to “expand his business”.

The ED on Thursday filed its first charge sheet in the over USD 2 billion PNB fraud case involving diamantaire Nirav Modi and his associates, officials said. They said the about 12,000-page charge sheet or the prosecution complaint has been filed before a special court here under various sections of the Prevention of Money Laundering …

State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clause that bars any disclosure that can impede the process of investigating or apprehending the offenders. In reply to an RTI query, the state-owned bank …

The CBI on Thursday said it is examining two officials of overseas branches of an Indian bank in connection with its ongoing probe into the Rs 13,500 crore Punjab National Bank (PNB) fraud case involving diamond jeweller Nirav Modi and his uncle Mehul Choksi of the Gitanjali Group. Two Deputy General Manager (DGM)-rank officials of …

The Delhi High Court on Friday asked the Enforcement Directorate (ED) to file a response on a plea by fugitive jeweller Mehul Choksi’s firm Gitanjali Gems in a money laundering case related to the multi-crore rupee Punjab National Bank (PNB) scam. Justices S. Muralidhar and I.S. Mehta issued a notice to the ED on the …

The CBI on Thursday questioned four Reserve Bank of India (RBI) officials in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said. Those questioned includes three Chief General Managers and one General Manager of the central bank. Sources said the RBI officials …

The Enforcement Directorate has arrested a “close” associate and the vice president of a firm of diamantaire Nirav Modi in connection with a money-laundering probe in the over Rs 12,000 crore PNB bank scam, officials said on Wednesday. Shyam Sunder Wadhwa, the vice president of the Firestar group, was arrested last night under the Prevention …

The Punjab National Bank has refused to provide any information pertaining to absconding scamster, diamantaire Nirav Modi, to queries sought under RTI, an activist said here on Tuesday. Anil Galgali said that he had sought specific RTI replies from PNB on the total quantum of loan sanctioned to Modi, the procedures applied by the bank …

Faced with a multi-billion dollar fraud, along with the problem of non-performing assets (NPAs), state-run lending major Punjab National Bank (PNB) has decided to form a separate “vertical to deal with its stressed assets”. According to sources, the move is expected to aide the lender in effectively dealing with NPAs and increase possible recoveries. The …

Co-accused in the Rs 13,540 crore Punjab National Bank (PNB) fraud case, diamond merchant Mehul Choksi told CBI that “exaggerated” allegations by multiple investigating agencies have left him “completely defenceless” and that he feared for his safety to return home. In a new letter to the investigating agency CBI, Choksi denied being a partner of …